Naseej for Technology Co. announces its Annual Financial results for the period ending on 2023-12-31

31 March 2024 08:48 AM

NASEEJ 1213 104.32% 80.40 41.05

Element List	Current Year	Previous Year	%Change
Sales/Revenue	215,224,567	215,067,718	0.07
Gross Profit (Loss)	64,857,975	64,905,577	-0.07
Operational Profit (Loss)	17,036,864	25,271,008	-32.58
Net profit (Loss)	13,351,492	22,088,854	-39.55
Total Comprehensive Income	13,232,161	22,538,540	-41.29
Total Share Holders Equity (After Deducting the Minority Equity)	129,026,900	116,146,147	11.09
Profit (Loss) per Share	2.61	4.37
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year	No change
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	Decrease in Net profit 8.7 due to increas in G&A 6.7 million SAR (5.4 million SAR increase in ECL), and increase in marketing expenses 1.47 million SAR and Zakat provision 0.58 million SAR
Statement of the type of external auditor's report	Unmodified opinion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	None
Reclassification of Comparison Items	None
Additional Information	-

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